LunagisthubFormer NSITF Chairman, Ngozi Olejeme, Arraigned Over N1 Billion Fraud
The Economic and Financial Crimes Commission (EFCC) has arraigned Ngozi Olejeme, former Chairman of the Nigeria Social Insurance Trust Fund (NSITF), on an eight-count charge bordering on converting, transferring, procuring, and taking possession of proceeds of unlawful activity to the tune of N1 billion.
According to the EFCC, Olejeme allegedly converted N321.6 million into the account of Adin Miles International Ltd in February 2012, knowing that the funds constituted proceeds of unlawful activity. She also allegedly procured Chuka C. Eze to convert $2 million into Naira for payment to Adin Miles International Ltd.
The Charges
The charges against Olejeme include .
– Converting, transferring, procuring, and taking possession of proceeds of unlawful activity
– Money laundering
– Abuse of office
Olejeme pleaded not guilty to all the charges. The prosecution asked for a trial date to call 14 witnesses, while the defense counsel prayed for bail. Justice Emeka Nwite released the defendant to her counsel and adjourned the matter to November 17, 2025, for the hearing of the bail application .
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